Douglaston Development

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Douglaston Development portfolio

$654.4 million – elevator 91.0%, development 5.0%; Brooklyn 50.0%, Manhattan 44.0%

83th largest portfolio by dollar value

2,969,766 sqft – elevator 90%, walkup 3%;

106th largest by SF

18 properties – Bronx 38%, Brooklyn 38%

139th largest

3,210 residential units – Brooklyn 47%, Manhattan 32%

51th largest by residential units

Company Activity past 24 months:

Buyer company: 2 for $124.5 million

Seller company: 0 for $0

Borrower company: 5 for $1.1 billion

Lender company: 0 for $0

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated People:

Marjorie E. Nesbitt (2), J.V. Cossaboom (2), Dennis Graham (1), Ross Dahmen (1), Steve Pack (1), Jeffrey L. Cirillo (1)

Latest Stories:

• Douglaston signs $500M refi with Goldman, Wells Fargo for 937-unit rental in Chelsea (July 31, 2024)

• Douglaston Development signs $153.5M construction loan in Fordham Manor, part of $190M financing (July 30, 2024)

• Douglaston signs $270.5M construction loan with MSD Partners for 72-unit project in Carnegie Hill (June 10, 2024)

• Douglaston pays $124.5M to 97-year-old entity for 72-unit dev site in Carnegie Hill (June 10, 2024)

• Douglaston Development signs $106.8M construction loan for 158-unit project in Hell’s Kitchen (March 04, 2024)

• Douglaston Development acquires Carnegie Hill site, plans 478-foot tower with 72 units (March 01, 2024)

• Douglaston Development files plans for 279-unit building in Bronx (October 26, 2022)

• Douglaston Development gets $75M construction loan for 188-unit project in Tremont (February 09, 2021)

• Douglaston signs second 99-year lease with NY Botanical Garden, valued at $9.3M (September 15, 2020)

Properties:

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